Not really? If I were to describe the issues inflicting the west, none of too-small homes, high suicide rates, or an economy based on long hours of white collar work would immediately come to mind.

Rather, the west seems to be characterized mostly by insanely expensive housing caused by an extreme antipathy towards denser housing as populations grow, and a K-shaped economy where white collar coastal elites are actually doing relatively well but everyone else - namely blue collar and service workers - are doing worse and worse. Suicide rates aren't rising dramatically, and are nowhere near where they were in Japan at their peak in the 80s, which itself was always overstated (they were higher than they were in the US at the time, but were comparable to many other western countries).

The US under trillionare leadership, certainly.